Funding is secured against the asset and is repaid by making regular payments over an agreed period helping ease cashflow.
Asset Finance is a straightforward and flexible way of funding the purchase of essential plant and equipment required to make your business successful.
- Fixed rate finance helps budgeting and cash flow.
- Financing asset purchases can be more tax efficient than standard loans.
- The flexibility of repayment structuring is often available.
- Total sum repaid will be higher than purchasing the asset outright.
- Not available to all industry sectors.
- Additional security may be required depending on the financial status of your company.
Asset finance can be used to refinance an asset to release funds tied up in plant and machinery, or to refinance existing agreements to reduce the monthly repayments.
Wayne Mackenzie - Office Manager
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